Nurminen Logistics Oyj

Board/Management Information • Oct 21, 2010

Disclosure 281806

Nurminen Logistics Oyj - Company Announcement

Nurminen Logistics Plc's co-determination negotiations concluded

Nurminen Logistics Plc Stock Exchange Release 21 October 2010 at 11.40 am Nurminen Logistics Plc's co-determination negotiations concluded Nurminen Logistics Plc has concluded the co-determination negotiations that were initiated on 6 September 2010. The negotiations concerned the whole company. The goal of the negotiations was to adjust the company's organization and cost structure to match the market situation. The effects on personnel agreed in the negotiations concern 26 persons, of which 12 will be made redundant. At the moment the company employs 350 people. As a result of the adjustment measures the company expects EUR 1.2 million of savings to be realized during 2011. As from year 2012 the savings are expected to be EUR 1.5 million annually. It is expected that the savings measures will cause a total of EUR 0.2 million non-recurring costs to be incurred during 2010 and 2011. NURMINEN LOGISTICS PLC Lasse Paitsola President and CEO Further information: Mr Lasse Paitsola, President and CEO Tel. +358 10 545 2431 DISTRIBUTION NASDAQ OMX Helsinki Major Media www.nurminenlogistics.com Nurminen Logistics Plc Nurminen Logistics provides high-quality logistics services, such as railway transports, terminal services, forwarding and special and heavy transports. The company has collected logistics know-how from three centuries, starting in 1886. Nurminen Logistics' main market areas are Finland, the Baltic Sea region, Russia and other CIS countries. The company's share is listed on NASDAQ OMX Helsinki.